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Side-by-side financial comparison of Accel Entertainment, Inc. (ACEL) and GDS Holdings Ltd (GDS). Click either name above to swap in a different company.

GDS Holdings Ltd is the larger business by last-quarter revenue ($405.6M vs $351.6M, roughly 1.2× Accel Entertainment, Inc.). Accel Entertainment, Inc. runs the higher net margin — 4.2% vs -0.1%, a 4.3% gap on every dollar of revenue. Accel Entertainment, Inc. produced more free cash flow last quarter ($20.2M vs $-96.3M).

Legendary Entertainment, LLC is an American mass media and film production company based in Burbank, California, founded by Thomas Tull in 2000. The company has often collaborated with the major studios, including Warner Bros. Pictures, Universal Pictures, Sony Pictures and Paramount Pictures, as well as streaming services such as Netflix and Hulu.

Amadeus IT Group, S.A. is a major Spanish multinational technology company that provides software for the global travel and tourism industry. It is the world's leading provider of travel technology that focus on developing software for airlines, hotels, travel agencies, and other travel-related businesses.

ACEL vs GDS — Head-to-Head

Bigger by revenue
GDS
GDS
1.2× larger
GDS
$405.6M
$351.6M
ACEL
Higher net margin
ACEL
ACEL
4.3% more per $
ACEL
4.2%
-0.1%
GDS
More free cash flow
ACEL
ACEL
$116.5M more FCF
ACEL
$20.2M
$-96.3M
GDS

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
ACEL
ACEL
GDS
GDS
Revenue
$351.6M
$405.6M
Net Profit
$14.7M
$-373.0K
Gross Margin
22.1%
Operating Margin
7.7%
Net Margin
4.2%
-0.1%
Revenue YoY
8.5%
Net Profit YoY
0.3%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACEL
ACEL
GDS
GDS
Q1 26
$351.6M
Q4 25
$341.4M
Q3 25
$329.7M
$405.6M
Q2 25
$335.9M
$404.9M
Q1 25
$323.9M
$375.3M
Q4 24
$317.5M
Q3 24
$302.2M
$422.6M
Q2 24
$309.4M
$388.9M
Net Profit
ACEL
ACEL
GDS
GDS
Q1 26
$14.7M
Q4 25
$16.2M
Q3 25
$13.4M
$-373.0K
Q2 25
$7.3M
$-240.0K
Q1 25
$14.6M
$-145.0K
Q4 24
$8.4M
Q3 24
$4.9M
$-32.9M
Q2 24
$14.6M
$-31.9M
Gross Margin
ACEL
ACEL
GDS
GDS
Q1 26
Q4 25
Q3 25
22.1%
Q2 25
23.8%
Q1 25
23.7%
Q4 24
Q3 24
22.2%
Q2 24
22.6%
Operating Margin
ACEL
ACEL
GDS
GDS
Q1 26
7.7%
Q4 25
8.7%
Q3 25
7.7%
Q2 25
8.0%
Q1 25
8.0%
Q4 24
6.5%
Q3 24
7.2%
10.8%
Q2 24
7.3%
11.2%
Net Margin
ACEL
ACEL
GDS
GDS
Q1 26
4.2%
Q4 25
4.7%
Q3 25
4.1%
-0.1%
Q2 25
2.2%
-0.1%
Q1 25
4.5%
-0.0%
Q4 24
2.6%
Q3 24
1.6%
-7.8%
Q2 24
4.7%
-8.2%
EPS (diluted)
ACEL
ACEL
GDS
GDS
Q1 26
Q4 25
$0.19
Q3 25
$0.16
Q2 25
$0.08
Q1 25
$0.17
Q4 24
$0.09
Q3 24
$0.06
Q2 24
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACEL
ACEL
GDS
GDS
Cash + ST InvestmentsLiquidity on hand
$274.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$272.3M
$3.6B
Total Assets
$1.1B
$11.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACEL
ACEL
GDS
GDS
Q1 26
$274.1M
Q4 25
$296.6M
Q3 25
$290.2M
Q2 25
$264.6M
Q1 25
$271.9M
Q4 24
$281.3M
Q3 24
$265.1M
Q2 24
$254.9M
Total Debt
ACEL
ACEL
GDS
GDS
Q1 26
Q4 25
$607.4M
Q3 25
$595.4M
Q2 25
$595.5M
Q1 25
$580.7M
Q4 24
$595.4M
Q3 24
$554.1M
Q2 24
$565.7M
Stockholders' Equity
ACEL
ACEL
GDS
GDS
Q1 26
$272.3M
Q4 25
$269.7M
Q3 25
$267.1M
$3.6B
Q2 25
$260.5M
$3.4B
Q1 25
$259.1M
$3.2B
Q4 24
$255.0M
Q3 24
$206.7M
$2.7B
Q2 24
$209.1M
$2.6B
Total Assets
ACEL
ACEL
GDS
GDS
Q1 26
$1.1B
Q4 25
$1.1B
Q3 25
$1.1B
$11.0B
Q2 25
$1.1B
$11.1B
Q1 25
$1.0B
$10.1B
Q4 24
$1.0B
Q3 24
$950.2M
$11.7B
Q2 24
$950.3M
$10.9B
Debt / Equity
ACEL
ACEL
GDS
GDS
Q1 26
Q4 25
2.25×
Q3 25
2.23×
Q2 25
2.29×
Q1 25
2.24×
Q4 24
2.33×
Q3 24
2.68×
Q2 24
2.71×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACEL
ACEL
GDS
GDS
Operating Cash FlowLast quarter
$42.7M
$103.5M
Free Cash FlowOCF − Capex
$20.2M
$-96.3M
FCF MarginFCF / Revenue
5.8%
-23.7%
Capex IntensityCapex / Revenue
49.2%
Cash ConversionOCF / Net Profit
2.92×
TTM Free Cash FlowTrailing 4 quarters
$64.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACEL
ACEL
GDS
GDS
Q1 26
$42.7M
Q4 25
$31.1M
Q3 25
$55.2M
$103.5M
Q2 25
$19.8M
$120.8M
Q1 25
$44.8M
Q4 24
$13.5M
Q3 24
$50.1M
$91.4M
Q2 24
$28.9M
Free Cash Flow
ACEL
ACEL
GDS
GDS
Q1 26
$20.2M
Q4 25
$16.0M
Q3 25
$34.2M
$-96.3M
Q2 25
$-6.2M
$-55.8M
Q1 25
$18.0M
Q4 24
$2.1M
Q3 24
$33.1M
$-321.7M
Q2 24
$11.4M
FCF Margin
ACEL
ACEL
GDS
GDS
Q1 26
5.8%
Q4 25
4.7%
Q3 25
10.4%
-23.7%
Q2 25
-1.9%
-13.8%
Q1 25
5.6%
Q4 24
0.7%
Q3 24
11.0%
-76.1%
Q2 24
3.7%
Capex Intensity
ACEL
ACEL
GDS
GDS
Q1 26
Q4 25
4.4%
Q3 25
6.4%
49.2%
Q2 25
7.8%
43.6%
Q1 25
8.3%
Q4 24
3.6%
Q3 24
5.6%
97.7%
Q2 24
5.7%
Cash Conversion
ACEL
ACEL
GDS
GDS
Q1 26
2.92×
Q4 25
1.92×
Q3 25
4.13×
Q2 25
2.71×
Q1 25
3.06×
Q4 24
1.62×
Q3 24
10.23×
Q2 24
1.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACEL
ACEL

Illinois$252.8M72%
Montana (1)$40.6M12%
Nevada$29.3M8%
Nebraska$11.4M3%
Louisiana$10.1M3%
Georgia$6.2M2%

GDS
GDS

Service revenue$405.5M100%
Equipment sales$2.8M1%

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